Fantom (FTM) forming Cypher pattern for upto 29.5% profit rally
Hi dear friends, hope you are well and welcome to the new update on Fantom (FTM) coin.
On the 2-hr time frame chart, the price action is forming the final leg of the bullish Cypher pattern.
Buy and Sell targets:
Buy between: $0.5325 to $0.4925
Sell between: $0.5640 to $0.6396
Stop loss:
The maximum extent of potential reversal zone $0.4925 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 29.5%, and the loss possibility is 8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
On the 2-hr time frame chart, the price action is forming the final leg of the bullish Cypher pattern.
Buy and Sell targets:
Buy between: $0.5325 to $0.4925
Sell between: $0.5640 to $0.6396
Stop loss:
The maximum extent of potential reversal zone $0.4925 can be used as stop loss.
Possible profit and loss ratio:
As per the above targets, this trade has a big profit possibility of 29.5%, and the loss possibility is 8%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.